Qingdao city next in line to set up emissions market in China

Qingdao has become the latest Chinese city to plan a market to reduce greenhouse gas emissions, as a group of advisers backed by its mayor is hammering out rules for an emissions trading scheme that could start next year.
Qingdao, a city of 3 million people in northeastern Shandong province with a GDP equal to that of Bangladesh, is a major energy consumer as the local economy relies on heavy industry and petrochemicals………………………………………..Full Article: Source